With an advance of 28.57%, Spackman Equities Group Inc. (CDX:SQG:CA) was one of the best performing financial-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.07, shares of SQG:CA opened this morning at $0.09 and closed the day at $0.09. Throughout the day, about 638,685 shares changed hands, compared to an average 30-day volume of 682,124 for Spackman Equities Group Inc.. Shares moved as high as $0.09 and as low as $0.075 in today’s trading action.
The share appreciation gives the company a market capitalization of $10.42 million based upon 148.9 million shares outstanding.
In the past 52 weeks, shares of Spackman Equities Group Inc. have traded as low as $0.02 and as high as $0.13. Technical traders will take note that at $0.09, shares of SQG:CA are trading above their 50-day moving average (MA) at $0.049 and above their 200-day MA at above $0.034. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Spackman Eqt?
Spackman Equities Group Inc is engaged in the business of identifying and investing into or acquiring small/medium sized growth companies. The company is led by its CEO Charles C. Spackman from its headquarters at Royal Bank Plaza, South Tower 200 Bay Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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